I 

114TH CONGRESS 

2D SESSION H. R. 4342 

To impose sanctions on persons that transfer to or from Iran advanced 

conventional weapons or ballistic missiles, or technology, parts, components, or technical information related to advanced conventional weapons 

or ballistic missiles. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 7, 2016 

Mr. DELANEY (for himself and Mr. KENNEDY) introduced the following bill; 

which was referred to the Committee on Foreign Affairs, and in addition 

to the Committees on Financial Services, the Judiciary, and Oversight 

and Government Reform, for a period to be subsequently determined by 

the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To impose sanctions on persons that transfer to or from 

Iran advanced conventional weapons or ballistic missiles, 

or technology, parts, components, or technical information related to advanced conventional weapons or ballistic 

missiles. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Iran Ballistic Missile 

5 Prevention and Sanctions Act of 2016’’. 


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1 SEC. 2. SANCTIONS ON PERSONS THAT TRANSFER TO OR 

2 FROM IRAN ADVANCED CONVENTIONAL 

3 WEAPONS OR BALLISTIC MISSILES, OR TECH4 NOLOGY, PARTS, COMPONENTS, OR TECH5 NICAL INFORMATION RELATED TO AD6 VANCED CONVENTIONAL WEAPONS OR BAL7 LISTIC MISSILES. 

8 (a) IN GENERAL.—The President shall impose 5 or 

9 more of the sanctions described in subsection (b)(1) with 

10 respect to a person if the President determines that the 

11 person knowingly, on or after the date of enactment of 

12 this Act, transfers to or from Iran advanced conventional 

13 weapons or ballistic missiles, or technology, parts, compo14 nents, or technical information related to advanced con15 ventional weapons or ballistic missiles. For purposes of 

16 this section, any person or entity described in this sub17 section shall be referred to as a ‘‘sanctioned person’’. 

18 (b) SANCTIONS.— 

19 (1) IN GENERAL.—The sanctions to be imposed 

20 on a sanctioned person under subsection (a) are as 

21 follows: 

22 (A) EXPORT-IMPORT BANK ASSISTANCE

23 FOR EXPORTS TO SANCTIONED PERSONS.—The 

24 President may direct the Export-Import Bank 

25 of the United States not to give approval to the 

26 issuance of any guarantee, insurance, extension 


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1 of credit, or participation in the extension of 

2 credit in connection with the export of any 

3 goods or services to any sanctioned person. 

4 (B) EXPORT SANCTION.—The President 

5 may order the United States Government not to 

6 issue any specific license and not to grant any 

7 other specific permission or authority to export 

8 any goods or technology to a sanctioned person 

9 under— 

10 (i) the Export Administration Act of 

11 1979 (as continued in effect under the 

12 International Emergency Economic Powers 

13 Act); 

14 (ii) the Arms Export Control Act; 

15 (iii) the Atomic Energy Act of 1954; 

16 or 

17 (iv) any other statute that requires 

18 the prior review and approval of the 

19 United States Government as a condition 

20 for the export or reexport of goods or serv21 ices. 

22 (C) LOANS FROM UNITED STATES FINAN23 CIAL INSTITUTIONS.—The United States Gov24 ernment may prohibit any United States finan25 cial institution from making loans or providing 


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1 credits to any sanctioned person totaling more 

2 than $10,000,000 in any 12-month period un3 less such person is engaged in activities to re4 lieve human suffering and the loans or credits 

5 are provided for such activities. 

6 (D) PROHIBITIONS ON FINANCIAL INSTI7 TUTIONS.—The following prohibitions may be 

8 imposed against a sanctioned person that is a 

9 financial institution: 

10 (i) PROHIBITION ON DESIGNATION AS

11 PRIMARY DEALER.—Neither the Board of 

12 Governors of the Federal Reserve System 

13 nor the Federal Reserve Bank of New 

14 York may designate, or permit the continu15 ation of any prior designation of, such fi16 nancial institution as a primary dealer in 

17 United States Government debt instru18 ments. 

19 (ii) PROHIBITION ON SERVICE AS A

20 REPOSITORY OF GOVERNMENT FUNDS.— 

21 Such financial institution may not serve as 

22 agent of the United States Government or 

23 serve as repository for United States Gov24 ernment funds. 


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1 The imposition of either sanction under clause 

2 (i) or (ii) shall be treated as 1 sanction for pur3 poses of subsection (a), and the imposition of 

4 both such sanctions shall be treated as 2 sanc5 tions for purposes of subsection (a). 

6 (E) PROCUREMENT SANCTION.—The 

7 United States Government may not procure, or 

8 enter into any contract for the procurement of, 

9 any goods or services from a sanctioned person. 

10 (F) FOREIGN EXCHANGE.—The President 

11 may, pursuant to such regulations as the Presi12 dent may prescribe, prohibit any transactions in 

13 foreign exchange that are subject to the juris14 diction of the United States and in which the 

15 sanctioned person has any interest. 

16 (G) BANKING TRANSACTIONS.—The Presi17 dent may, pursuant to such regulations as the 

18 President may prescribe, prohibit any transfers 

19 of credit or payments between financial institu20 tions or by, through, or to any financial institu21 tion, to the extent that such transfers or pay22 ments are subject to the jurisdiction of the 

23 United States and involve any interest of the 

24 sanctioned person. 


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1 (H) PROPERTY TRANSACTIONS.—The 

2 President may, pursuant to such regulations as 

3 the President may prescribe, prohibit any per4 son from— 

5 (i) acquiring, holding, withholding, 

6 using, transferring, withdrawing, trans7 porting, importing, or exporting any prop8 erty that is subject to the jurisdiction of 

9 the United States and with respect to 

10 which the sanctioned person has any inter11 est; 

12 (ii) dealing in or exercising any right, 

13 power, or privilege with respect to such 

14 property; or 

15 (iii) conducting any transaction in16 volving such property. 

17 (I) BAN ON INVESTMENT IN EQUITY OR

18 DEBT OF SANCTIONED PERSON.—The President 

19 may, pursuant to such regulations or guidelines 

20 as the President may prescribe, prohibit any 

21 United States person from investing in or pur22 chasing significant amounts of equity or debt 

23 instruments of a sanctioned person. 

24 (J) EXCLUSION OF CORPORATE OFFI25 CERS.—The President may direct the Secretary 


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1 of State to deny a visa to, and the Secretary of 

2 Homeland Security to exclude from the United 

3 States, any alien that the President determines 

4 is a corporate officer or principal of, or a share5 holder with a controlling interest in, a sanc6 tioned person. 

7 (K) SANCTIONS ON PRINCIPAL EXECUTIVE

8 OFFICERS.—The President may impose on the 

9 principal executive officer or officers of any 

10 sanctioned person, or on persons performing 

11 similar functions and with similar authorities as 

12 such officer or officers, any of the sanctions 

13 under this paragraph. 

14 (2) INCLUSION OF LIST OF SPECIALLY DES15 IGNATED NATIONALS AND BLOCKED PERSONS.—The 

16 President shall, pursuant to Executive Order 12938 

17 and 13382, include a person who is a sanctioned 

18 person under subsection (a) on the list of specially 

19 designated nationals and blocked persons maintained 

20 by the Office of Foreign Assets Control of the De21 partment of the Treasury. 

22 (c) WAIVER.—The President may waive the applica23 tion of sanctions under this section, on a case by case 

24 basis, if the President determines it is in the national secu25 rity interests of the United States to do so and, not less 


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1 than 15 days in advance of the issuance of such waiver, 

2 submits to Congress justification of the waiver in writing 

3 (d) DEFINITIONS.—In this section, the terms ‘‘finan4 cial institution’’, ‘‘Iran’’, ‘‘knowingly’’, ‘‘person’’, and 

5 ‘‘United States person’’ have the meanings given such 

6 terms in section 14 of the Iran Sanctions Act of 1996 

7 (Public Law 104–172; 50 U.S.C. note). 

Æ 


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